Sawyer & Company Inc Sells 600 Shares of Alphabet Inc. (NASDAQ:GOOG)

Posted by Defense World Staff on Jul 4th, 2023

Sawyer & Company Inc decreased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,520 shares of the information services provider’s stock after selling 600 shares during the quarter. Sawyer & Company Inc’s holdings in Alphabet were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Financial Advisors Network Inc. lifted its holdings in shares of Alphabet by 4.5% in the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock valued at $450,000 after buying an additional 7 shares during the period. Turim 21 Investimentos Ltda. lifted its holdings in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares during the period. West Michigan Advisors LLC lifted its holdings in shares of Alphabet by 3.7% in the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after buying an additional 9 shares during the period. Somerville Kurt F lifted its holdings in shares of Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of Alphabet by 1.4% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after buying an additional 16 shares during the period. Institutional investors own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James boosted their price objective on Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Robert W. Baird upped their price target on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft upped their price target on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. UBS Group upped their price target on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Oppenheimer reduced their price target on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.80.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the transaction, the director now directly owns 107,240 shares in the company, valued at $11,264,489.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 816,599 shares of company stock worth $24,142,177. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $120.56 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The business has a 50 day simple moving average of $119.04 and a 200-day simple moving average of $104.92. The firm has a market capitalization of $1.53 trillion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55.

Alphabet (NASDAQ:GOOG – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

Alphabet Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Sawyer & Company Inc Sells 600 Shares of Alphabet Inc. (NASDAQ:GOOG)

Analyst Upgrades and Downgrades

Insider Buying and Selling

Alphabet Price Performance

Alphabet Profile

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